[Boston Properties Signs Telecommunications Agreements With Advanced Radio Telecom and Teligent]
BOSTON, Mass., April 12 /PRNewswire/ -- Boston Properties, Inc. (NYSE:BXP), a real estate investment trust, announced today that it has signed license agreements with Advanced Radio Telecom Corp. (NASDAQ:ARTT) and Teligent Inc. (NASDAQ:TGNT) to provide state-of-the-art telephone, data and Internet services to the tenants in Boston Properties' buildings.
Under the terms of the agreements, Advanced Radio Telecom (ART) and Teligent will have the right to offer their advanced broadband communications services directly to tenants in 116 and 91 buildings, respectively, in Boston Properties' portfolio of office properties located in the top office markets in the United States: Boston, New York City, Washington, DC, San Francisco and Princeton, New Jersey. Teligent's offerings to Boston Properties' tenants would include local, long-distance, high-speed data, and dedicated Internet services over digital local networks. The local networks integrate wireless technology with traditional broadband and fiber optic infrastructure. ART's offerings will enable Boston Properties' tenants to connect to ART's service provider partners offering multi-megabit Internet access and advanced IP services. Boston Properties has put similar license agreements in place with other firms such as Allied Riser Communications, Cypress Communications, WinStar and others.
Robert E. Burke, Boston Properties' Executive Vice President for Operations, said, "As we look ahead, we see telecommunications and broadband services as major factors in attracting and retaining high quality tenants for our office buildings. Through these agreements with ART and Teligent, we will be able to provide the most advanced telecommunications technology to our tenants, adding to the value of our buildings, and generating additional revenue for Boston Properties."
"Our agreement with Boston Properties allows us to rapidly develop our broadband IP metro networks and provide building owners with state-of-the-art telecommunications services and other technologies sought after by corporate tenants," said Anthony Bontrager, ART Executive Director, Real Estate. "ART's unique multi-megabit IP metro networks offer businesses carrier-class connections at speeds up to 155 Mbps. That kind of bandwidth in the last mile enables a new class of next generation services and applications."
"Business tenants throughout the US are looking for ways to improve operations while reducing costs," said Teligent Field Operations Senior Vice President Bruce T. Wagner. "With Teligent's SmartWave(TM) technology, we deliver the kind of competitive edge businesses are demanding. We're also contributing to Boston Properties' mission of creating opportunities for growth."
Advanced Radio Telecom Corp., headquartered in Bellevue, Washington, is a provider of broadband Internet Protocol (IP) access services at speeds up to 155 Mbps. ART currently owns and operates broadband wireless metropolitan area networks in San Jose, Seattle, Portland, Oregon, and Phoenix, and plans to expand to 40 major markets over the next three years. ART is a Cisco Powered Network(TM) service provider and has a strategic relationship with Qwest Communications International Inc. ART has a nationwide footprint of 39GHz spectrum licenses in the United States and owns 26 GHz and/or 39 GHz spectrum licenses in the United Kingdom several Scandinavian countries. For more information, please visit ART's web site at ipsp.com.
Based in Vienna, Virginia, Teligent, Inc. is a global leader in broadband communications offering small and medium-sized business customers local, long distance, high-speed data and dedicated Internet services over its digital SmartWave local networks in 40 major markets throughout the United States. The company is working with international partners to extend its reach into Europe, Asia and South America. Teligent's offerings of regulated services are subject to all applicable regulatory and tariff approvals. For more information, please visit Teligent's web site at teligent.com.
Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office, industrial and hotel properties. The Company is one of the largest owners and developers of Class A office properties in the United States, concentrated in the Northeast Corridor from Virginia to Greater Boston and in Greater San Francisco. |
